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24.04.25 - 20:24
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Stocks Extend Gains After Trump Says "They" Are Having Meetings With China (ZeroHedge)
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Stocks Extend Gains After Trump Says "They" Are Having Meetings With China
US equities extended their gains after President Trump told reporters that US was having daily ongoing talks with China.
"Well, they had a meeting this morning... we may reveal it later, but they had meetings this morning, and we've been meeting with China."
Trump added, when asked for more details:
"...it doesn't really matter who 'they' are."
REPORTER: Can you clarify with whom the U.S. is speaking with China? They're saying it's fake news that trade talks are happening.@POTUS: "Well, they had a meeting this morning... we may reveal it later, but they had meetings this morning, and we've been meeting with China." pic.twitter.com/99HGQIsCHf
— Rapid Response 47 (@RapidResponse47) April 24, 2025
This lifted Nasdaq to a 2.5% gain on the day...
The S&P is at a key technical resistance level once again...
...and has rallied above the first CTA buy trigger:
Short term: 5595
...
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24.04.25 - 13:24
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Stocks Dip As China Rebuffs Tariffs; Uncertainty Clouds IBM Earnings | Bloomberg Brief 04/24/2025 (Bloomberg)
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Stocks dip as China rebuffs suggestions that talks have begun between Asia's biggest economy and the US over trade. President Trump signaled that a new tariff rate could be imposed on China within weeks. IBM delivered a beat, but investors sell off the stock due to concerns over government cost-cutting and economic uncertainty. Ella Hoxha of Newton Investment Management calls the volatility of the moment a good time for active management. Garrett Melson of Natixis Advisors says the current uncertainty is weighing on consumers, investors and business leaders. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)...
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24.04.25 - 03:24
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Rebound Anticipated For China Stock Market (AFX)
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BEIJING (dpa-AFX) - The China stock market on Wednesday snapped the two-day winning streak in which it had risen almost 25 points or 0.8 percent. The Shanghai Composite Index now sits just beneath......
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23.04.25 - 16:27
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Zollstreit: US-Regierung erwägt wohl drastische Senkung der China-Zölle (Handelsblatt)
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Noch hat sich der US-Präsident nicht final entschieden, einem Bericht zufolge stehen mehrere Alternativen zur Diskussion. Es wäre möglich, dass die Zölle mehr als halbiert werden... --- Ein hochrangiger Mitarbeiter des Weißen Hauses hat dem Bericht zufolge angegeben, wahrscheinlich würden die Zölle für Waren aus der Volksrepublik auf etwa 50 bis 65 Prozent gesenkt werden. Derzeit liegen die Zölle der USA für Waren aus China bei 145 Prozent.. --- Immer wenn der Druck zu groß wird, ändert Trump seine Meinung!
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23.04.25 - 16:12
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Stocks Spike To Session Highs On WSJ Report White House Looking To Slash China Tariffs (ZeroHedge)
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Stocks Spike To Session Highs On WSJ Report White House Looking To Slash China Tariffs
Stocks are spiking higher, and extending premarket gains, after the WSJ reported that the Trump administration is considering slashing its steep tariffs on Chinese imports - in some cases by more than half -in a bid to de-escalate tensions with Beijing that have roiled global trade and investment, according to people familiar with the matter.
According to the report, China tariffs were likely to come down to between roughly 50% and 65%, about half of their current levels. The administration is also considering a tiered approach similar to the one proposed by the House committee on China late last year: 35% levies for items the U.S. deems not a threat to national security, and at least 100% for items deemed as strategic to America's interest. The bill proposed phasing in those levies over five years.
In retrospect, the WSJ report said nothing new - and appears to be an attempt to merely stay in the newsflow ...
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